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Seagate Technology Holdings Plc  (STX)
Other Ticker:  
 
    Sector  Technology    Industry Computer Hardware
   Industry Computer Hardware
   Sector  Technology
 

Seagate Technology Holdings Plc's Customers Performance

STX

 
STX's Source of Revenues In the Q4, Seagate Technology Holdings Plc's corporate clients experienced a reduction by -3.98 % in their costs of revenue, compared to a year ago, sequentially costs of revenue grew by 4.91 %. During the corresponding time, Seagate Technology Holdings Plc revenue deteriorated by -17.59 % year on year, sequentially revenue grew by 6.95 %. While revenue at the Seagate Technology Holdings Plc's corporate clients recorded rose by 1.04 % year on year, sequentially revenue grew by 18.37 %.

List of STX Customers




Customers of Seagate Technology Holdings Plc saw their costs of revenue decrease by -3.98 % in Q4 compare to a year ago, sequentially costs of revenue grew by 4.91 %, for the same period Seagate Technology Holdings Plc revnue deteriorated by -17.59 % year on year, sequentially revenue grew by 6.95 %.

List of STX Customers


   
Customers Net Income grew in Q4 by Customers Net margin grew to
12.37 % 20.89 %



Seagate Technology Holdings Plc's Customers, Q4 2023 Revenue Growth By Industry
Customers in Appliance & Tool Industry -14.06 %   
Customers in Electronic Parts & Equipment Industry -15.81 %   
Customers in Communications Services Industry      19.62 %
Customers in Computer Hardware Industry      2.08 %
Customers in Computer Networks Industry -5.89 %   
Customers in Computer Peripherals & Office Equipment Industry -9.07 %   
Customers in Electronic Instruments & Controls Industry -41.59 %   
Customers in Cloud Computing & Data Analytics Industry      0.11 %
Customers in Software & Programming Industry      5.91 %
     
• Customers Valuation • Customers Mgmt. Effect.


Seagate Technology Holdings Plc's Comment on Sales, Marketing and Customers



We sell our products to major OEMs, distributors and retailers. OEM customers typically enter into master purchase agreements with us. These agreements provide for pricing, volume discounts, order lead times, product support obligations and other terms and conditions including sales programs offered to promote selected products. Deliveries are scheduled only after receipt of purchase orders. In addition, with limited lead-time, customers may defer most purchase orders without significant penalty. Anticipated orders from many of our customers have in the past failed to materialize or OEM delivery schedules have been deferred or altered as a result of changes in their business needs.

Our distributors generally enter into non-exclusive agreements for the resale of our products. They typically furnish us with a non-binding indication of their near-term requirements and product deliveries are generally scheduled accordingly. The agreements and related sales programs typically provide the distributors with limited right of return and price protection rights. In addition, we offer sales programs to distributors on a quarterly and periodic basis to promote the sale of selected products in the sales channel.

Our retail channel consists of our branded storage products sold to retailers either by us directly or by our distributors. Retail sales made by us or our distributors typically require greater marketing support, sales incentives and price protection periods.

Dell Inc. accounted for approximately 13% of consolidated revenue, while Hewlett-Packard Company accounted for approximately 10% of consolidated revenue.



  News about Seagate Technology Holdings Plc Contracts

Seagate Strengthens Shopping Experience with New E-commerce Website, Faces Revenue Decline

Seagate Launches New E-commerce Website in the United States, Sees Decline in RevenueSeagate Technology plc, the leading innovator of mass-capacity storage solutions, has announced the launch of its new e-commerce website in the United States. Customers can now purchase Seagate's industry-leading storage products directly from their website, along with exclusive promotions, support, live chat customer assistance, and the assurance of genuine Seagate products. The launch of the e-commerce website comes at a time when Seagate's corporate clients are experiencing a reduction in their costs of revenue. In Q4, the costs of revenue for Seagate's corporate clients decreased by 3.71% compared to the previous year. H...

Seagate's Breakthrough 30TB+ Hard Drives Pave the Way for a New Era in Storage Industry

Seagate Technology Holdings plc, a renowned provider of sustainable mass-data storage solutions, has recently achieved a significant milestone in the storage industry. With the launch of the Mozaic 3+ hard drive platform, Seagate incorporates its groundbreaking Heat-Assisted Magnetic Recording (HAMR) technology, enabling unparalleled areal densities of 3TB+ per platter. This development sets the stage for future advancements, with Seagate aiming to achieve 4TB+ and 5TB+ per platter storage capabilities.:This article aims to provide an analysis of Seagate's breakthrough in hard drive technology, based on the provided sources. It will highlight key facts and industry trends, without speculative or biased inte...

Seagate Technology Holdings Plc Navigates Revenue Contraction: Unveils Groundbreaking Storage System Amidst Industry Challenges



Seagate Technology Holdings Plc, a global leader in mass data storage infrastructure solutions, recently announced the release of its latest high-performing block storage system, the Seagate Exos CORVAULT 4U106. Boasting a massive capacity of 2.5PB, this new storage solution offers enhanced rack density, extended lifecycles, and reduced power consumption, ultimately lowering the total cost of ownership (TCO) for corporate clients. However, the company's revenue has experienced a significant decline year on year. In this article, we will explore the impact of these facts on Seagate Technology Holdings Plc and assess potential reasons behind the revenue contraction.
Key Facts:
1. Seagate Exos...




Seagate Technology Holdings Plc's Comment on Sales, Marketing and Customers


We sell our products to major OEMs, distributors and retailers. OEM customers typically enter into master purchase agreements with us. These agreements provide for pricing, volume discounts, order lead times, product support obligations and other terms and conditions including sales programs offered to promote selected products. Deliveries are scheduled only after receipt of purchase orders. In addition, with limited lead-time, customers may defer most purchase orders without significant penalty. Anticipated orders from many of our customers have in the past failed to materialize or OEM delivery schedules have been deferred or altered as a result of changes in their business needs.

Our distributors generally enter into non-exclusive agreements for the resale of our products. They typically furnish us with a non-binding indication of their near-term requirements and product deliveries are generally scheduled accordingly. The agreements and related sales programs typically provide the distributors with limited right of return and price protection rights. In addition, we offer sales programs to distributors on a quarterly and periodic basis to promote the sale of selected products in the sales channel.

Our retail channel consists of our branded storage products sold to retailers either by us directly or by our distributors. Retail sales made by us or our distributors typically require greater marketing support, sales incentives and price protection periods.

Dell Inc. accounted for approximately 13% of consolidated revenue, while Hewlett-Packard Company accounted for approximately 10% of consolidated revenue.










STX's vs. Customers, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)



COMPANY NAME MARKET CAP REVENUES INCOME EMPLOYEES
Seagate Technology Holdings Plc 17,846.51 6,471.00 -728.00 40,000
Cisco Systems Inc 200,676.71 57,233.00 13,442.00 83,300
Apple Inc 2,705,974.07 385,706.00 100,913.00 164,000
Hp inc 29,999.88 53,075.00 3,398.00 58,000
International Business Machines Corporation 176,665.65 61,860.00 7,502.00 307,600
Netapp Inc 21,479.80 6,101.00 692.00 12,000
Unisys Corp 331.05 2,015.40 -427.10 23,200
Xerox Holdings Corporation 2,374.67 6,886.00 1.00 26,475
Oracle Corporation 360,012.60 97,664.00 10,137.00 143,000
Dell Technologies Inc 78,874.84 90,042.00 5,928.00 133,000
Avnet Inc 4,378.43 26,122.08 795.84 18,800
Canon Inc 22,300.12 28,655.20 1,882.75 194,151
Irobot Corporation 276.48 890.58 -304.71 622
Electronic Systems Technology Inc 0.00 1.54 -0.16 11
Tessco Technologies Incorporated 83.15 452.06 -4.35 786
Arrow Electronics Inc 6,865.27 33,107.12 909.36 18,700
Cleartronic Inc 13.61 2.23 0.06 8
Nutanix Inc 15,247.68 1,939.19 -171.30 2,813
Appian Corporation 2,653.32 545.04 -111.44 705
Semileds Corp 7.34 5.98 -2.69 187
Rubicon Technology Inc 2.53 3.59 0.94 20
Turtle Beach Corporation 267.29 258.91 -49.46 135
Plantronics Inc. 1,729.74 1,665.53 21.64 6,172
Uipath Inc 12,900.07 1,043.13 -348.72 4,013
Super Micro Computer Inc 62,075.51 9,250.70 732.38 0
Hewlett Packard Enterprise Company 22,016.68 28,081.00 1,911.00 60,200
Quantum Corp 67.44 406.61 -38.30 905
Pure Storage Inc 16,499.54 2,278.88 -145.99 4,200
Extreme Networks Inc 1,508.13 1,366.97 94.17 2,643
Bos Better Online Solutions Ltd 15.08 33.63 0.45 85
SUBTOTAL 3,745,296.65 896,692.38 146,757.36 1,265,731


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